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Former CEO Newman to consult Eroad, report says higher bid close

The company’s board said a $1.30 a share offer ‘materially undervalues’ the business earlier this month.

Steven Newman.

The former chief executive of dual-listed telematics business Eroad, who resigned suddenly last April, has been appointed as an independent consultant to the business.

The appointment comes as The Australian reports Canadian company Volaris, which owns more than 18.7% of Eroad, is preparing to up

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Former CEO Newman to consult Eroad, report says higher bid close
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